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Essential Energy Services Ltd T.ESN

Essential Energy Services Ltd. is a Canada-based company that provides oilfield services to oil and natural gas producers, primarily in western Canada. The Company offers completion, production and well site restoration services to a diverse customer base. Its Essential Coil Well Service (ECWS) segment provides completion and production services throughout western Canada. The ECWS fleet is comprised of coiled tubing rigs, fluid pumpers, nitrogen pumpers and ancillary equipment. Its Tryton segment provides a range of downhole tools and rental services across the WCSB and in the United States for completion, production and wellsite restoration of oil and natural gas wells. Its services are offered with coiled tubing, fluid and nitrogen pumping, and the sale and rental of downhole tools and equipment. Its coiled tubing fleet is comprised of generation I, II, III and IV coiled tubing rigs, which are differentiated by their capability to service wells with varying depths and well pressures.


TSX:ESN - Post by User

Post by LuckyLuchon Jul 09, 2018 9:51am
139 Views
Post# 28287091

CEDA buying Breaththrough Oilfield Services...consolidation

CEDA buying Breaththrough Oilfield Services...consolidation CEDA is a pvt. equity backed co who continues to roll up private OFS co's(Mullen has bought several pvt OFS co's as well over the past year).  

Trans Mountain, Keystone XL and Enbridge Line 3 are safe to say will all be completed by late 2020/early 2012.  The LNG export facility at Kitimat should get the greenlight by fall. Canada will have more than enough crude export capacity till the early 2030's.   Expect other LNG projects to be considered as well. 

OFS in the WCSB is riple for consolidation and should ramp as the crude/LNG bull market rolls on.


https://www.jwnenergy.com/article/2018/7/ceda-takes-another-step-montney-acquisition-breakthrough-oilfield-services/
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